Sunday, January 26, 2014

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Seeking Alpha
Del Monte ( DLM ) agreed to a $4 billion takeover at the hands of Kohlberg Kravis Roberts & Co ( KKR ). The deal values the food company at $19 a share, 5.6 percent more than its close on Wednesday. Some of that speculation seems to have gotten out early because cargill mosaic DLM rallied almost a dollar in the final half hour of trading. cargill mosaic The company also has the right to seek higher bids through Jan. 8. The shares are up another 4.55 percent to $18.80 in the pre on tradeMONSTER's extended-hours platform.
CPI International ( CPII ) is getting purchased by Veritas Capital for $19.50 a share in cash. That's a 35 percent premium over the last closing price for the company, which provides microwave radio frequency solutions to the defense, industrial, medical cargill mosaic and scientific markets. CPII is up 34 percent in pre-market trading
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